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Hitachi buys U.K. Horizon nuclear project

By | October 30, 2012, 4:44 AM PDT

Hitachi will be taking over the UK’s Horizon nuclear project in order to build nuclear power stations, according to the U.K.’s Department of Energy and Climate Change (DECC).

The DECC said on Tuesday that the takeover will result in four to six new nuclear power plants being built, Reuters reports. Once completed, the power plants could provide electricity to up to 14 million homes over 60 years.

British Prime Minister said that the deal reflected a “decades-long, multi-billion pound vote of confidence in the U.K., that will contribute vital new infrastructure to power our economy,” and it is hoped that Hitachi’s involvement will kick-start the project and get at least one 1,300MW plant operational by the mid-2020s.

Two or three 1,300MW plants will be built at Horizon’s sites in Wylfa, Anglesey, and Oldbury, Gloucestershire, according to the electronics maker.

Hitachi is purchasing Horizon from German utility firms E.ON and RWE for $1.12 billion.

Building is not due to start this year, but the purchase has been met with positive feedback. The BBC reports that Welsh political leaders feel the Anglesey plant will be a “huge boost” for the economy, jobs, and the U.K. energy sector as a whole. 5,000 to 6,000 jobs are expected to be created in the plant’s construction.

Following Japan’s Fukushima nuclear accident in 2011, the two German firms decided to sell the Horizon Nuclear Power joint venture, which was founded in 2009.

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Charlie Osborne

About Charlie Osborne

Charlie Osborne is a contributing editor for SmartPlanet.

Charlie Osborne

Charlie Osborne

Contributing Editor

Charlie Osborne is a freelance journalist and graphic designer based in London. In addition to SmartPlanet, she also writes the iGeneration column for business technology website ZDNet. She holds degrees in medical anthropology from the University of Kent.

Follow her on Twitter.

Charlie Osborne

Charlie Osborne

Charlie Osborne does not have financial holdings that would influence how or what she covers.

She writes for SmartPlanet and is not an employee of CBS.

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Fantastic News
This is fantastic news, and the UK will benefit from expertise that Japan and Germany have turned it's back on.

Fukashima was down to fundamental human ineptitude, not a problem with Nuclear Power.
Posted by neil.postlethwaite@...
30th Oct
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Great News - I'm all for it.
I come from a former coal-mining area. Over the last 100 years, coal mining killed an average of about 1000 people a year directly (killed outright in 'falls of ground' and other accidents) and cut short the lives of tens of thousands a year because of lung diseases. Yet it is nuclear power which is perceived to be 'unsafe'? Find me a couple of dozen people in UK or Japan who have died directly as a result of Nuclear Power in the UK and Japan, or find me a hundred who have had their lives shortened. Nuclear Power is extremely safe, in any terms, and especially in the terms understood by insurance companies' actuaries and assessors - much safer, for example, than gong for a drive, or crossing a busy street. You can today find more radiation in a basement flat in Aberdeen than you will detect within a few hundred yards of Fukushima, because in Aberdeen, radon leaks from the rock there and always has done. Yet people continue to live there, as they always have. We shouldn't be building two or three nuclear power stations; we should be building dozens.
Posted by RHambeau
19th Nov
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